MARKETS & INVESTING | Staff Reporter, Hong Kong

HSI welcomes new real estate index

It will reflect stock movement of the 30 largest listed property management companies.

Hang Seng Indexes Company has launched a new index, the Hang Seng Property Service and Management Index, which will reflect the overall stock price movement of the 30 largest listed property management and related services companies.

This comes as the property service and management sector has been enjoying substantial growth in recent months.

Compared to their parent real estate developers, Mainland property management companies could enjoy the benefits of asset-light model, leading to a higher return on assets and greater flexibility in response to changing market environment.

18 Mainland property management companies listed in Hong Kong in 2020 – an all-time high in a single year. Market predictions indicate that there may be over 70 companies listed by this year.

“The Hang Seng Property Service and Management Index allows investors to tap into a sector which is counter-cyclical in nature and operates under an asset-light model,
enabling them to capture the high growth potential amidst changing market conditions,” said Daniel Wong, director & head of research and analytics at Hang Seng Indexes Company.

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